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Downturn points to cut in rates
Comments
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Oh !!!!!! a charmer as ever.
It is the end of plentiful credit not cheap.
Are rates far away from historical norms?
Here is that link again!
http://www.bankofengland.co.uk/statistics/rates/baserate.pdf
(Bottom of the page i am sure you remember)
I think you think history is the last 40 years.
If intrest rates were 15% and the money was still lent to people with no job at 130% do you think we would not be in the same mess?:rolleyes:
Yes - I think you are being deliberately obtuse.
The whole root of the problem at the moment is that real world rates have diverged sharply upwards from the rates set by central banks - having historically been within tens of bps of them.
What could the market be trying to tell us about the 'proper' level of interest rates, do you think? Hmmmmmm? :think:--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Yes - I think you are being deliberately obtuse.
The whole root of the problem at the moment is that real world rates have diverged sharply upwards from the rates set by central banks - having historically been within tens of bps of them.
What could the market be trying to tell us about the 'proper' level of interest rates, do you think? Hmmmmmm? :think:
Thanks for not answering the question again:rolleyes: .
I take that as a yes the outcome would have been the same.
Its Ok you can thank me later.;)0 -
Yes - I think you are being deliberately obtuse.
The whole root of the problem at the moment is that real world rates have diverged sharply upwards from the rates set by central banks - having historically been within tens of bps of them.
What could the market be trying to tell us about the 'proper' level of interest rates, do you think? Hmmmmmm? :think:
No, it is telling everyone that the USA govt mistakenly allowed Lehmans to go bust.
Check out the dates when they diverged, check ot the date when Lehmans was allowed to go under.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
No, it is telling everyone that the USA govt mistakenly allowed Lehmans to go bust.
Check out the dates when they diverged, check ot the date when Lehmans was allowed to go under.
So there was no issue of LIBOR diverging sharply from base rates before then?
Pull the other one.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
So there was no issue of LIBOR diverging sharply from base rates before then?
Pull the other one.
OK Lets try again.
If interest rates were 15% (during the last 5 years) and the money was still lent to people with no job at 130% do you think we would not be in the same mess?:rolleyes:0 -
So there was no issue of LIBOR diverging sharply from base rates before then?
Pull the other one.
Convergence was well under way, what do you think caused the final downward leg in the stock market?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
tut, tut... again and again !!!!!! steps in with rude comments but then claimas everyone is picking on him...
Why, how 'rude' of me, saying he seems to be being 'deliberately obtuse. LOL.
How would you classify these comments that you made about me on MSE then Chucky?
http://forums.moneysavingexpert.com/showpost.html?p=14572337&postcount=50this is his window to the world and his only way of making friends.
some people have social lives he has his mouse and keyboard.
shame that he has never found a Mrs !!!!!!. he's very lonely man
and it's probably a good thing for society that he isn't going to have any children.
he thinks his posts on MSE will change the world and will go down in history as part of the Govt archives but unfortunately they won't. this a sub-board that was seperated so nutters like him could be hidden from the rest of the MSE world.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Convergence was well under way, what do you think caused the final downward leg in the stock market?
Sure it was - Lehman caused all the problems. Otherwise LIBOR and base rates would be back to tens of bps apart :rolleyes:--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0 -
Why, how 'rude' of me, saying he seems to be being 'deliberately obtuse. LOL.
How would you classify these comments that you made about me on MSE then Chucky?
http://forums.moneysavingexpert.com/showpost.html?p=14572337&postcount=50
OT, we know about your use of "Retard" post so lets stay on topic this time !!!!!!,
Answering my question may be a start.0
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